Which one of the following statements is true?A. The statement of cash flows rep

Which one of the following statements is true?A. The statement of cash flows reports the cash receipts butnot cash payments of an entity over a period of time.B. Both the statement of cash flows and the income statementdetermine the net income for a company.C. Transactions affecting the sale and the purchase orproduction of goods and services are reported in the financingactivities section of the statement of cash flows.D. Investing activities in the statement of cash flowsinclude acquiring and selling long-term assets.